DoorDash (NASDAQ:DASH – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company posted ($0.63) earnings per share. The company’s revenue was up 26.7% compared to the same quarter last year. On average, analysts expect DoorDash to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
DoorDash Price Performance
Shares of NASDAQ DASH opened at $129.36 on Wednesday. DoorDash has a one year low of $56.59 and a one year high of $143.34. The business’s 50-day moving average price is $130.81 and its two-hundred day moving average price is $107.93. The company has a market capitalization of $52.26 billion, a P/E ratio of -90.46, a price-to-earnings-growth ratio of 14.15 and a beta of 1.79.
Insider Activity at DoorDash
Wall Street Analyst Weigh In
Several brokerages recently weighed in on DASH. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Jefferies Financial Group upgraded DoorDash from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $130.00 in a report on Monday, January 8th. UBS Group cut their price objective on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. Benchmark began coverage on DoorDash in a report on Thursday, April 4th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $133.00 price objective on shares of DoorDash in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.52.
Read Our Latest Stock Report on DoorDash
About DoorDash
DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
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